Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4625 1st SE Ave Cedar Rapids, IA 52402-3209

    • Super regional malls
    • 72,921 SF
    • 9.03 lot acres
    OFF-MARKET
    Value Estimations
    $8,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0320416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Red Robin Gourmet Burgers and Brews / Restaurant

    Property Details for 4625 1st SE Ave

    Year built
    2005
    Lot size
    9.03 lot acres
    Property size
    72,921 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    14-02-4-76-013-0-0000
    APU
    140247601300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,315,000
      6.5%
      $11,365,000
      7%
      $10,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,001,000
      Market price range: $3.73M - $9.33M
      AI Estimate
      $7,963,000
      Market price range: $1.97M - $12.4M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,975,000
      Current use
      RESTAURANT
      $11,525,000
      Change: +93% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,780,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $7,285,000
      Change: +22% Conversion: Difficult
      OFFICE BUILDING
      $6,685,000
      Change: +12% Conversion: Moderate
      RETAIL STORES
      $6,000,000
      Change: +0% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6226
    Latitude
    42.0235
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $310,184
    $2,032,900
    $6,267,100
    $8,300,000
    -
    $2,032,900
    $6,267,100
    $8,300,000

    Comparable in this City

    • Value Estimation
      $3,400,000
      140,046 SF

      4600 1st NE Ave

      REGIONAL SHOPPING CENTER, MALL • 140,046 SF
      4600 1st NE Ave, Cedar Rapids, IA 52402-3210
      View Details
    • Value Estimation
      $885,000
      11,200 SF

      5313 Park NE Pl

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      5313 Park NE Pl, Cedar Rapids, IA 52402-6216
      View Details
    • Value Estimation by Request
      1,502 SF

      1146 Blairs Fry Rd Ne Ste, Unit 2

      SHOPPING CENTER, STRIP CENTER • 1,502 SF
      1146 Blairs Fry Rd Ne Ste, Cedar Rapids, IA 52402-1274
      View Details
    • Value Estimation by Request
      1,502 SF

      1146 Blairs Fry Rd Ne Ste, Unit 3

      SHOPPING CENTER, STRIP CENTER • 1,502 SF
      1146 Blairs Fry Rd Ne Ste, Cedar Rapids, IA 52402-1274
      View Details
    • Value Estimation
      $610,000
      14,810 SF

      621 Ctr Pt NE Rd

      SHOPPING CENTER, STRIP CENTER • 14,810 SF
      621 Ctr Pt NE Rd, Cedar Rapids, IA 52402-4607
      View Details
    • Value Estimation by Request
      1,000 SF

      5352 Blairs Frst NE Way

      SHOPPING CENTER, STRIP CENTER • 1,000 SF
      5352 Blairs Frst NE Way, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Sale

    • $1,670,000
      15,803 SF

      Cedar Rapids Retail Investment Opportunity

      High-traffic strip center anchored by Dollar General and other tenants.
      266 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,200 SF

      Stabilized Four-Tenant Shopping Center

      Stabilized shopping center with grocery, restaurant, and personal care tenants.
      1060 Old Marion Rd NE, Cedar Rapids, IA 52402
      View Details
    • $2,362,335
      7,801 SF

      Remodeled Retail Investment Opportunity

      Fully leased retail property near Super Target with recent renovations.
      1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      7,801 SF

      Remodeled Retail Investment Opportunity

      Fully leased retail property near Super Target with 7.5% CAP.
      1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,000 SF

      Natural Grocer Retail Opportunity

      Retail space in Cedar Rapids, Iowa, near major thoroughfares.
      931 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • $345,000
      1,798 SF

      Former Pizza Restaurant For Sale

      Restaurant property with lease income and recent improvements.
      3358 Center Point Rd NE, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Cedar Rapids

      Built-out retail space in a vibrant shopping center.
      4651 1St Ave SE, Cedar Rapids, IA 52402
      View Details
    • $21 SF/Yr

      Retail Space at Lindale Crossing

      Retail space for lease in a high-traffic shopping center.
      4840 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Dominant Grocery Anchored Retail Center

      Regional retail center anchored by national credit tenants.
      180 Collins Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      High-Visibility Shopping Center For Rent

      Prime retail space in a high-traffic shopping center.
      4840 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • $12 SF/Yr

      Retail/Office Space in Growing Area

      Retail or office space available in a growing Cedar Rapids area.
      576 Boyson Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Retail Space at Lindale Crossing

      2,250 SF retail space in a busy shopping center.
      4840 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4625 1st SE Ave
    Cedar Rapids, IA 52402-3209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!